Following the recent release of data confirming a sharp global decline in climate finance dedicated to adaptation efforts, IFAD and partners have today unveiled a new financing mechanism to boost support to small-scale food producers in rural communities in Kenya, Rwanda, Tanzania and Uganda to adapt to a changing climate.
Antony Blinken, the US Secretary of State, announced today at the COP28 UN climate summit in Dubai that the US will contribute US$50 million to the Vision for Adapted Crops and Soils (VACS)’s new multi-donor trust fund, hosted by IFAD.
Conflict and food insecurity go hand-in-hand. As a major food and commodities exporting region, the war in Ukraine has caused not only a humanitarian crisis, but is also increasing food and fuel prices, which in turn are impacting the world’s most vulnerable people.
Smallholder farmers and poor rural people bear the brunt of climate change and the degradation of natural resources. Extreme weather events, such as droughts, storms and floods, are putting pressure on the ecosystems that farmers depend on.
The 2030 Agenda is a commitment to “leave no one behind”. It applies to all countries and spans social, environmental and economic issues. This commitment is most salient in rural areas as shocks, such as climate change and the COVID crisis, disproportionately affect rural communities.
The International Fund for Agricultural Development (IFAD) is an international financial institution and a specialized agency of the United Nations dedicated to eradicating poverty and hunger in rural areas of developing countries.
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